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Aloha ,
Market Update
Developers are reviving a plan for a new development in the Central Maui area called, Puunani subdivision that would include 450 multifamily units, retail and office space, and a 15-acre park. This land is designated agricultural and the project proposes to reclassify 64 acres to urban and 144 acres to rural. The main developer is Towne Development of Hawaii Inc. that has created a portion of the Kehalani Community located right next door to this proposed development in the Wailuku area. The positive aspect of this area is that the rural land will consist of 1/2 acre to 1 acre lots if you are looking for a larger parcel of land as opposed to the higher density Kehalani project.
We are still a while away for the developers have to submit an environmental impact statement, then seek a district boundary amendment from the state Land Use Commission to change the zoning and ask for a community plan amendment from the Maui County Council.
Towne Development of Hawaii Inc. is also developing the newest community, The Parkways at Maui Lani located next to the Maui Lani Golf Course in the Kahului area. This past Saturday was their sales release. There will be a total of 200 homes with living areas of 1,386 sq. ft. to 2,404 sq. ft. There will be 8 different floor plans and the lot sizes will be between 7,000 sq. ft. to 10,000 sq. ft. They are releasing 40 homes in their first phase and you still have some time to reserve one. You will need to make a $5,000 deposit for a reservation and obtain a pre-qualification letter from one of the developer's lenders which are American Savings Bank, Central Pacific Bank, or Territorial Savings. The home prices are starting in the $470K range on up. Let us know if you are interested and we would be happy to assist you.
Have a wonderful week.
Mahalo Nui Loa,
Melissa for The Smith Team
P.S. If you are still Christmas shopping, visit the new Outlets of Maui located on 900 Front Street in Lahaina. I went to their grand opening this past Friday and got some great deals from Coach, Calvin Klein, Carter's Babies and Kids, and the Gap Factory Outlet. Visit http://theoutletsofmaui.com for a complete list of all the stores.
P.S.S. Our listing at 200 Kalaunu Way is falling out of Escrow. Hurry! This one won't last long.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for December 10th , 2013
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Active
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Pending
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Sold
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Change
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Homes
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522 (277)
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217 (37)
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988 (155)
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+14
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Condos
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690 (163)
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227 (20)
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1364 (166)
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+21 |
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Land
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372 (118)
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45 (2)
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226 (30)
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NC
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Total
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1584 (558)
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489 (59)
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2578 (251)
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+35
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1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.
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Homes Over $1M
357 Pualoa Nani Place
Wailea
$1.595M (FS)
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3 bedroom 3.5 bath home in Wailea Pualani features Haleakala and West Maui mountain views. Casually elegant interior with soaring ceilings create a very spacious & open feel.
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3139 Kikihi Street
Wailea
$3.195M (FS)
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Total privacy, panoramic views, and attention to detail describe this pristine Wailea home. Situated in the highly desirable gated community of Wailea Kialoa, this 3,163 sq. ft. home offers a great floor plan and thoughtful upgrades. The panoramic ocean views allow for year round sunsets. The home’s versatile floor plan includes 3 bedrooms, 2.5 half baths plus an office/den.
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1536 Halama Street
Kihei
$3.6M (FS)
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Prime oceanfront lot with sandy beach frontage. Great location on Halama Street. Seller has plans for 6,000 sq. ft estate.
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Homes Under $1M
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991 Iulani Street
Haiku
$290K (FS)
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This cute 3 bed 1 bath home is priced to sell. The open floor plan with built in window seat provides great space. Both kitchen and bath have been upgraded including stainless steel appliances and tile.
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2269 W Vineyard Street
Wailuku
$375K (FS)
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Cute home that is in great condition. Offering all the comforts of a modern home.
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313 Pulihi Street
Kahului
$438.8K (FS)
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Developer Deal. This is a brand new "Nalu" floor plan 2 story 3 bd. / 2.5 bath 1,260 sq. ft. single family home in the " New Traditions" community which is located in the Maui Lani Master Plan in the heart of Kahului. Gorgeous mountain and partial ocean views.
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70 Pualu Loop
Napili
$615K (FS)
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Short Sale. Large Kamaaina Home with flexible living options. Great location just down the street from Napili Park.
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7 Loihi Place
Kahului
$659K (FS)
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Short Sale. Great opportunity to be in The Islands of Maui Lani. This 4 bedroom, 2.5 bath home is the Rhapsody model with the extended master bedroom on the main level and has the larger kitchen with family room.
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Vacation Condos Over $1M
Honua Kai #601
Ka'anapali
$5.3M (FS)
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This amazing sixth floor frontline 3 bedroom 3 bath customized home is one of the finest at the Honua Kai Resort & Spa. With 2,365 square feet of interior living space and a massive 1,375 square foot lanai, this quality home is one of the largest floor plans available. One of only a handful like it at the resort these special homes rarely come available.
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Vacation Condos Under $1M
Nani Kai Hale #208
Kihei
$379K (FS)
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Great 1 bed, 2 bath vacation rental condo located on the second row at Nani Kai Hale. Enjoy great ocean views and whale watching (during season) from the lanai! Nani Kai Hale is a beachfront complex with heated pool, BBQ area by the beach and laundry room. Sugar Beach stretches for mile
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Kauhale Makai #514
Kihei
$449K (FS)
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The best ocean views that Kauhale Makai has to offer are in this front row unit looking west across the ocean toward the West Maui Mountains.
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Wailea Ekolu #103
Wailea
$649K (FS)
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Perfect and immaculate turn-key vacation rental unit. Excellent opportunity to get an ocean-view Wailea 2 BR unit at an affordable price. Just a short walk to the Shops at Wailea, world class restaurants, and white sand beaches.
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Residential Condos
Hoolea Terrace #2605
Wailuku
$259K (FS)
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Developer Deal. Brand new condos on the slopes of the West Maui Mountains. All units have 9-foot ceilings, Kenmore kitchen appliances and an interior laundry closet. All units have 2 assigned parking stalls. This is an upstairs unit with mountain views.
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Wailea Point #1503
Wailea
$5.175M (FS)
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This spacious, three-bedroom, three-bath residence, ensconced in Hawaii’s most exclusive ocean-front complex, sits on verdant grounds, rich with tropical foliage. Quiet and serene, this Wailea Point oceanfront residence is protected by a gated entry and round-the-clock patrols.
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Vacant Land
Peahi Farms Lot #6
Haiku
$1.795M (FS)
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These 3.4 acres are nestled just out of the famous North Shore wind, sloping beautifully towards West Maui. The dip in the land is perfect to build on and makes the ocean that much more visible, looking out beyond the sea cliffs to Kahakuloa and Moloka'i. To the east, the sea cliffs line up as far as the eye can see.
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